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Empire Company Limited (T:EMP.A)

Business Focus: Food Retail & Distribution (NEC)

Sector:  Consumer Non-Cyclicals Industry:  Food Retail & Distribution
Company Contact
Address: 115 King Street
Tel: N/A
IR: See website
Key People
Michael B. Medline
President, Chief Executive Officer, Director
Matthew Reindel
Chief Financial Officer, Executive Vice President
Pierre St-Laurent
Chief Operating Officer, Executive Vice President
Simon Gagne
Chief Human Resource Officer, Executive Vice President
Douglas B. Nathanson
Executive Vice President, General Counsel, Corporate Secretary, Chief Development Officer
Vivek Sood
Executive Vice President - Related Businesses
Julia Knox
Chief Technology and Analytics Officer
Sandra Sanderson
Chief Marketing Officer
Business Overview
Empire Company Limited is a Canadian company engaged in the business of food retailing and related real estate. The Company's principal business segments include Food Retailing, and Investments and Other Operations. The Food retailing segment operates through its wholly owned subsidiary, Sobeys Inc. (Sobeys). The Food retailing segment comprises three operating segments, namely Sobeys National, Farm Boy and Longo's. Sobeys serves the food shopping needs of customers with approximately 1,600 retail stores (corporate, franchise, affiliate) as well as over 350 retail fuel locations. The Investments and other operations segment principally consists of investments in Crombie REIT, real estate partnerships and various other corporate operations. Crombie REIT owns, operates and develops a portfolio of grocery and pharmacy-anchored shopping centers, freestanding stores and mixed-use developments primarily in Canada's urban and suburban markets.
Financial Overview
For the 26 weeks ended 04 November 2023, Empire Company Ltd revenues increased 2% to C$15.83B. Net income increased 17% to C$442.1M. Revenues reflect Retail Sales, Total increase of 2% to C$15.83B. Net income benefited from Merchandise Margins, Total - % increase of 2% to 25.8%. Dividend per share increased from C$0.33 to C$0.37. Basic Earnings per Share excluding Extraordinary Items increased from C$1.45 to C$1.76.
Employees: 67,000 as of May 6, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $15,408M as of Nov 4, 2023
Annual revenue (TTM): $30,724M as of Nov 4, 2023
EBITDA (TTM): $2,222M as of Nov 4, 2023
Net annual income (TTM): $750.70M as of Nov 4, 2023
Free cash flow (TTM): $940.20M as of Nov 4, 2023
Net Debt Last Fiscal Year: $6,945M as of Nov 4, 2023
Shares outstanding: 245,195,396 as of Feb 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization